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Chromatography Reagents Market Worth $11.5 billion | MarketsandMarkets™ | ||||||||||||||||||||||||||||
By: PR Newswire Association LLC. - 29 Feb 2024 | Back to overview list |
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CHICAGO, Feb. 29, 2024 /PRNewswire/ -- Chromatography Reagents Market in terms of revenue was estimated to be worth $6.8 billion in 2024 and is poised to reach $11.5 billion by 2029, growing at a CAGR of 11.0% from 2024 to 2029 according to a new report by MarketsandMarkets™. The chromatography reagents market is experiencing significant growth due to several key factors. Firstly, there is a notable increase in research and development activities within the pharmaceutical and biotechnology industries, driving the demand for advanced chromatography techniques to aid in drug development and ensure quality control. Additionally, chromatography tests are becoming increasingly important in the food and beverage sector to guarantee product safety and maintain high-quality standards, further contributing to market expansion. Moreover, the growing use of chromatography in clinical diagnostics, particularly for disease diagnosis and monitoring purposes, is fueling demand for chromatography reagents. These factors collectively underscore the rising significance of chromatography reagents across various industries, driving market growth. Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=435 Browse in-depth TOC on "Chromatography Reagents Market" 160 - Tables Chromatography Reagents Market Scope:
Solvent segment is expected to register the substantial share by reagent type of chromatography reagents market The solvents segment is poised to assert its dominance in the chromatography reagents market, primarily owing to its indispensable role in facilitating sample movement within chromatographic processes. Solvents serve as pivotal agents in chromatography, enabling the seamless transfer of samples from one position to another without altering their chemical composition. Typically, solvents are adeptly blended with water or compatible solvents to optimize the reaction outcomes of the samples under analysis. This meticulous blending ensures that the samples interact synergistically with the chromatographic medium, thereby enabling accurate separation and precise analysis. Furthermore, solvents are revered for their ease of handling, a characteristic that streamlines laboratory procedures and ensures the meticulousness of analytical outcomes. Their versatility across various chromatographic techniques renders them indispensable and widely applicable across diverse industries and research settings. For instance, in air quality testing, solvents play an instrumental role in elucidating the components present in the air by adeptly binding to specific compounds of interest. This inherent capability not only facilitates the identification of pollutants but also bolsters the overall accuracy and reliability of chromatographic analyses. Pharmaceutical Companies segment holds the highest CAGR by end user in Chromatography Reagents market In 2023, the pharmaceutical companies segment dominated the chromatography reagents, capturing a substantial share and heist CAGR of 13.1% . Pharmaceutical manufacturers and testing service providers extensively utilize chromatography reagents throughout various stages of drug development and analysis, including research, clinical trials, and manufacturing. Growth in this sector is propelled by intensified R&D efforts, particularly in critical therapeutic areas like cancer and infectious diseases. Additionally, expanding product pipelines, increasing clinical trials, and stringent regulatory standards further drive demand for chromatography reagents. Government and corporate funding initiatives aimed at fostering innovation also contribute significantly to market growth. Overall, chromatography reagents play a crucial role in ensuring the quality, safety, and efficacy of pharmaceutical products, driving sustained growth in this segment. North America holds a substantial share of telehealth and telemedicine market during the forecast period. Throughout the forecast period, North America is expected to maintain its position as the dominant market for chromatography reagents. The primary focus of this market study encompasses the United States and Canada. North America benefits from a robust and diverse R&D infrastructure, facilitating the widespread adoption of chromatography techniques across multiple industries. In 2023, North America held a commanding global market share of 37.0%. This growth is fueled by factors including escalating drug development endeavors, governmental support for life science R&D, the widespread adoption of cutting-edge solutions, and the presence of numerous ongoing clinical research initiatives within the region. Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=435 Chromatography Reagents Market Dynamics: Drivers:
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Key Market Players of Chromatography Reagents Industry: Prominent players in the Chromatography Reagents market include Thermo Fisher Scientific, Inc. (US), Merck KGaA (Germany), Avantor, Inc. (US), Waters Corporation (US), Agilent Technologies, Inc.(US), Bio-Rad Laboratories, Inc. (US), Danaher Corporation (US), Chiron AS (Norway), Loba Chemie (India), GFS Chemicals, Inc. (US), Regis Technologies, Inc. (US), Tokyo Chemical Industry Co., Ltd (TCI) (Japan), Honeywell International Inc. (US), Shimadzu Corporation(Japan), Santa Cruz Biotechnology, Inc. (US), Restek Corporation (US), Spectrum Chemical Mfg. Corp. (US), Kanto Kagaku (Japan), Tedia Company, Inc. (US), ITW Reagents Division (Spain),Tosoh Corporation (Japan), Concord Technology Co., Ltd. (Tianjin), Thomas Baker (Chemicals) Pvt. Ltd.(India), Alpha Laboratories Ltd. (Hampshire), Spectrochem (India), Columbus Chemical Industry (WI). The break-down of primary participants is as mentioned below:
Recent Developments of Chromatography Reagents Industry:
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=435 Chromatography Reagents Market - Key Benefits of Buying the Report: This report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them garner a greater share of the market. Firms purchasing the report could use one or a combination of the below-mentioned strategies to strengthen their positions in the market. This report provides insights on:
Related Reports: Proteomics Market - Global Forecasts to 2028 Life Science Instrumentation Market - Global Forecasts to 2028 Preparative and Process Chromatography Market - Global Forecasts to 2028 Chromatography Accessories & Consumables Market - Global Forecasts to 2027 Chromatography Instruments Market - Global Forecasts to 2027 About MarketsandMarkets™: MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Logo: https://mma.prnewswire.com/media/2297424/MarketsandMarkets_Logo.jpg
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